HOW TO SET UP YOUR PAYPAL ACCOUNT?

A PayPal account is a MUST HAVE to start your online business. Whether you are a freelance writer, an internet marketer, an eBay seller or buyer, you definitely need a PayPal account to perform financial transactions. Here are the basic steps on how to open a PayPal account. Follow them carefully.


HOW TO OPEN A PAYPAL ACCOUNT?

1.You can click this link for you to be directed to the sign up page or type the URL: https://www.paypal.com in the address bar of your browser- you will be directed to the PayPal homepage. Look and click at the SIGN UP button in the homepage for you to be directed immediately at the sign up page.

2.After doing the step above, you will be directed to the CREATE YOUR PAYPAL ACCOUNT webpage. Choose among three types of PayPal accounts: Personal, Premier, or Business. I advise you to choose the Personal account since you can upgrade to the Premier or Business account later on.




3.After choosing personal account, you would be given a form to fill up. Read the instructions carefully and check the spelling of the words you type in.



4.These are the guides on how to fill up the form:


email address: This is the email address that you will enter whenever you log in to your account. You don’t need to create another email account for this; you could just use your existing email address. Take note that all the notifications for your PayPal transactions will all be sent to this email address.

password: You will be asked to enter a minimum of 8 characters. It can be a combination of letters and numbers. Note the password is case sensitive – password1234 is different from PASSWORD1234. Check if your CAPS LOCK is activated when you’re typing your password. You will also be asked to reenter you’re password to ensure that you typed in your desired password. Don’t tell your password to anyone, immediately change your password if you have suspicions that other people already know it. DON’T FORGET YOUR PASSWORD to avoid hassles.

name: You should enter your real name because if you don’t, you will be having a problem verifying your PayPal account with a credit card that bears you’re name. PayPal verification with a credit card is COMPULSARY to start your online transactions. Note that a middle name is different from a middle initial.

birth date: You should enter your birth date in the form of mm/dd/yyyy. If you were born on September 19, 1988. Enter 09/19/1988.

nationality: Scroll down to locate your nationality.

address: Enter your complete address: street address, city/town, province/state, postal code, and you’re phone number. I advise you to use the address linked in the credit card that you will be used to verify your PayPal account.


credit card info: Enter the credit card information asked: the credit card number, the card’s expiration date, and the CSS number or the 3-4 numbers found at the back of your card. Note that you can skip this step but your PayPal account will not be verified. Ultimate shopping and PayPal money withdrawing starts only after you verified your account.




submitting the form: Read the PayPal user agreement first before submitting the form. You can save the agreement in your computer so that you can read it whenever you have some questions in the future.

5. After submitting the form, you will be asked to check the confirmation message sent to your email address. In the email message from service@paypal.com, you will be given a link which you will click to activate your PayPal account. You will be directed to a page which will ask you to enter your PayPal email address and password. Click CONFIRM and you’re done. Congratulations you’ve just created your PayPal account.

6.The personal account you created is enough for you to shop online, receive payments from other users, and withdraw your funds to a local bank account. But if you upgrade to the Premier account, you will be able to receive credit card payments from people who don’t use PayPal. You can upgrade to a Business account, if you want to register your PayPal account under a business name instead of using your name. Note that PayPal may charge Premier and Business account members with service fees. Premier and business accounts holders have more benefits than Personal account holders.




CREATE YOUR PAYPAL ACCOUNT TODAY:

WHAT ARE THE DISADVANTAGES OF PAYPAL?

One of the disadvantages of PayPal that I usually hear from people creating PayPal account is the verification process that PayPal system implements to new registrants. The verification process involves linking of a valid credit card to ensure that you are registering your real name and for other validation purposes. The credit card must bear your name or else your account will not be verified. Since PayPal requires credit card for the verification process, it is impossible for new registrants without credit cards to verify their accounts. No verified PayPal account equals a terrible online business. Take note also that you will be charged 1.95 USD in the verification process which they promise to return back some time in the near future (but they do return based on my experience). Once you’re credit card is charged, you will wait few days for the EXPUSE number. What is the EXPUSE number anyway? It stands for EXPANDED USER NUMBER which you will use to totally verify your PayPal account. You cannot verify your account without this 4 digit EXPUSE number. It depends on your credit card provider to when will the EXPUSE number appear in your statement. IF you can’t wait for a month for the credit card statement to reach your mailbox, contact the customer service rep. of the credit card company and ask the EXPUSE number. If your credit card statement has an online (updated) version, you can also check there after few days. New registrants are complaining that they waited long for that precious EXPUSE number to appear in their statements but they still saw nothing. PayPal registration is as tedious as I write this article. This dissuades some people to register a PayPal account. Patience and self-control are highly needed to fight the disadvantages of PayPal. However, today’s people demand efficient, reliable, and faster online transactions – hope PayPal adapts to this customer demand.

Another disadvantage of PayPal is that you cannot sell your products in eBay to people who don’t have PayPal accounts. It is hard to persuade buyers to open PayPal accounts knowing yourself that PayPal registration is tortuous. It is disappointing to know that you lost potential buyers just because they don’t have PayPal accounts. It is an internet business theorem that the easier for your customers to pay, the easier for you to make a sale.

Some PayPal users have frozen accounts which mean that they cannot transfer or withdraw their PayPal money. Some of these users say that they did not do anything illegal or violation to the PayPal TOS. They appealed to the PayPal administrators, but they ended up having large amount of money frozen. I am not saying that these allegations are true but I heard people complaining about their PayPal accounts being frozen for unknown reasons. Luckily, as of the time I’m writing this article, I have no bad experiences on using my personal account.

Another disadvantage of PayPal that I personally noticed is that the service fee for withdrawing money from my PayPal account to my credit card is 5 USD which is already expensive for a 3rd world man like me. Fortunately, I found a cheaper way to withdraw my PayPal money; it is by withdrawing the money to a local bank account. The charge fee is approximately 1 USD, 4 dollars cheaper than withdrawing the money directly to my credit card. (Note that the service fees vary depending on the country you reside).

Another thing that I would like to add in the list of disadvantages of PayPal is that you will be charged 5 USD for every unsuccessful withdrawal you make. For example if your withdrawal to a local bank account has been denied you will be automatically charged 5 USD which is pretty big. If you’ve experienced this, I am very sad for you. To avoid this problem, check whether your local bank account is capable in accepting PayPal remittances. Also check whether you entered the correct PayPal bank code before you perform a withdrawal transaction.

PayPal is not yet available in certain countries, mostly African countries. The shoppers in these no PayPal countries are in great disadvantage. People in these countries cannot also apply to internet work at home jobs that require PayPal account before they could start to work.

James Maurer advised internet users to use Google check out instead of PayPal because of his bad experience with PayPal’s service. I quoted the following statement from his blog post:

“The Disadvantages of Paypal is that anyone buying a product using a strange looking email address may receive a full refund and keep the item they purchased as well.
If you create an email as in the example above, go to a site and buy something using paypal, chances are paypal will put the money back into your account automatically. In this case, the person didn’t file a complaint; Paypal’s automated security system simply kicked in and did the rest! By the time the investigation is completed, the buyer has received your product and you (the seller) just got scammed!
If you’re going to sell something on the net, do it with Google Checkout and skip paypal!”

You are free to add something to this list of disadvantages of PayPal based from your experience. You can leave a comment below.

LIST OF OFFICIAL PAYPAL BANK CODES IN THE PHILIPPINES

Good news to those who earn money online. You can now withdraw your PayPal money to your local bank account. PayPal has released the official PayPal codes of major banks in the Philippines. (Note that rural banks are not in the list, so you need to apply to major banks like BDO, BPI, LandBank, UnionBank and the like). Before you withdraw your PayPal money, be sure that your PayPal account is already verified because you cannot withdraw even a centavo if it is not yet verified. You also need to link your bank account to your PayPal account before you could perform the withdrawal transaction. In linking your bank account to your PayPal account, you will need the following PayPal bank codes:

OFFICIAL PAYPAL CODES OF PHILIPPINE BANKS

PAYPAL BANK CODE OF ALLIED BANKING CORP : 010320013
PAYPAL BANK CODE OF AUSTRALIA NEW ZEALAND : 010700015
PAYPAL BANK CODE OF ASIA UNITED BANK : 011020011
PAYPAL BANK CODE OF BANGKO SENTRAL NG PILIPINAS (BSP): 010030015
PAYPAL BANK CODE OF BANGKOK BANK : 010670019
PAYPAL BANK CODE OF BANK OF AMERICA : 010120019
PAYPAL BANK CODE OF BANK OF CHINA : 011140014
PAYPAL BANK CODE OF BANK OF TOKYO : 010460012
PAYPAL BANK CODE OF BANCO DE ORO (BDO) (& EPCIB) : 010530667
PAYPAL BANK CODE OF BANK OF COMMERCE : 010440016
PAYPAL BANK CODE OF BANK OF THE PHIL ISLANDS (BPI): 010040018
PAYPAL BANK CODE OF CHINA BANKING CORP : 010100013
PAYPAL BANK CODE OF CHINA TRUST COMML BANK : 010690015
PAYPAL BANK CODE OF CITIBANK N.A. : 010070017
PAYPAL BANK CODE OF DEVT BANK OF THE PHILS (DBP): 010590018
PAYPAL BANK CODE OF DEUTSCHE BANK : 010650013
PAYPAL BANK CODE OF EAST WEST BANK : 010620014
PAYPAL BANK CODE OF EXPORT & INDUSTRY BANK : 010860010
PAYPAL BANK CODE OF FUJI BANK : 010640010
PAYPAL BANK CODE OF HONGKONG AND SHANGHAI BANK : 010060014
PAYPAL BANK CODE OF INTL COMML BANK OF CHINA : 010560019
PAYPAL BANK CODE OF INTL EXCHANGE BANK : 010680012
PAYPAL BANK CODE OF JP MORGAN CHASE BANK : 010720011
PAYPAL BANK CODE OF KOREA EXCHANGE BANK : 010710018
PAYPAL BANK CODE OF PAYPAL BANK CODE OF INTL NEDERLAND BANK : 010660016
PAYPAL BANK CODE OF LANDBANK OF THE PHILS : 010350025
PAYPAL BANK CODE OF MAYBANK OF THE PHILS : 010220016
PAYPAL BANK CODE OF METROPOLITAN BANK & TRUST CO : 010269996
PAYPAL BANK CODE OF PHIL BANK OF COMMUNICATION (PBC): 010110016
PAYPAL BANK CODE OF PHIL TRUST COMPANY : 010090039
PAYPAL BANK CODE OF PHIL NATIONAL BANK (PNB): 010080010
PAYPAL BANK CODE OF PRUDENTIAL BANK : 010150018
PAYPAL BANK CODE OF PHIL VETERANS BANK : 010330016
PAYPAL BANK CODE OF RIZAL COMML BANKING CORP (RCBC): 010280014
PAYPAL BANK CODE OF SECURITY BANK & TRUST CO : 010140015
PAYPAL BANK CODE OF STANDARD CHARTERED BANK : 010050011
PAYPAL BANK CODE OF UNITED COCONUT PLANTERS BANK (UCPB) : 010299995
PAYPAL BANK CODE OF UNION BANK OF THE PHILS (UBP): 010419995
PAYPAL BANK CODE OF UNITED OVERSEAS BANK : 010270189

How To Verify Your PayPal Account With UnionBank EON CyberAccount?

Once you finished your registration with PayPal personal account, PayPal will ask you to verify your account using a credit card (VISA, MasterCard, or any of the major credit card providers that PayPal accepts). The verification of your PayPal account is highly important because it demonstrates that you are a credible PayPal member and to show that you have registered your real name with PayPal. Remember that you can only verify your PayPal account with credit cards that bear your name. So you cannot use your mom’s, dad’s, or sister’s credit cards. If you are still a student or unemployed, it would be a problem getting a credit card of your own but if you are living in the Philippines you can get a UnionBank EON card to verify your PayPal personal account. If you could not verify your PayPal account, you cannot maximize the full potential of PayPal service. You cannot withdraw any money that your PayPal account contains. The number of transactions you could perform with PayPal will also be limited.

So what are the steps in verifying your PayPal account with UnionBank EON Card? First, log in to your PayPal Account and in your homepage click on the “lift the limits” tab. You will be prompted to enter your UnionBank EON Card Number and the CW number. And that’s it, you’re PayPal account is already verified. Please take note that you could only use your EON card to verify a PayPal Account once. Take note also that PayPal will deduct $1.95 in your EON CyberAccount during the verification process but this amount will be returned to you in full. If your EON card don’t contain any money, the verification process will not be successful. This is the major problem I heard from bloggers online who is having a problem verifying their account, only to know that their cards have zero balances. So make sure that you put at least a hundred pesos in your EON card before verifying your PayPal account.

Once you’re PayPal account is verified you will wait for another 3-5 business days for the EXPUSE number to appear in your UnionBank EON CyberAccount. The EXPUSE or expanded user number is a four digit code that you will need to enter in you PayPal account to lift up the limits of your account (e.g. increase the amount of money that you could withdraw and accept). It would take some time for the EXPUSE number to appear in your EON cyber account. It has been my problem but fortunately I stumbled into a blog saying that I should try calling their customer service (toll free: 180018882277) and get the EXPUSE number. I called the customer service 3 days after I linked my EON card to my PayPal account and that kind customer service lady gave it to me. She asked me few questions about my account (e.g. name, phone number, mom’s maiden name, birthdate, address, etc.) before she gave the EXPUSE number.

After getting the EXPUSE number I logged again to my PayPal Account and I entered the 4 digit EXPUSE number. And that’s the end of my long journey of verifying my PayPal personal account with UnionBank EON CyberAccount. It’s so dramatic but the experience is worthwhile. Now, I value patience. Hahahahaha….

Maximize the power of your business with Paypal.

What is the UnionBank EON Card?

What is the UnionBank EON Card?

The UnionBank EON Visa Card is a credit card with a debit twist. It is an ATM debit card because you can use it to access your savings account in ATM machines and perform balance inquiry, withdrawal, payment of bills, and among others. UnionBank EON VISA card is like a credit card because it can be used to buy things in online stores like eBay.com and to pay your electric, water and insurance bills online. EON is accepted by thousands of internet merchants that accept VISA cards. UnionBank EON VISA card can also be used to buy things in shops, grocery stores, etc. that accept VISA cards. EON differs from other VISA cards in that it is a debit card- which means you can only use it when it contains money and you can only spend exactly the amount of money contained in the card. UnionBank EON Card is a banking innovation because most of the ATM cards provided by local banks in the Philippines could not be used in online transactions.

How to Register in Paypal?

PayPal is a innovative website that allows people to do business transactions over the internet. People can use it to buy almost anything in the internet. They can use it to buy books in Amazon.com, buy electronic gadgets in eBay, buy songs and movies online, buy articles from freelance writers, and many more.

People with online business can also use it to collect payments from their clients or customers.

Freelance writer can use it to collect payments from customers who buy their articles. Almost all freelance writing websites require their writers to have PayPal accounts where they will deposit the earnings of the writers. PayPal is an ultimate MUST have for freelance writers.

PayPal is another option which internet merchants use to collect payment from their buyers. Merchants usually accept credit cards but they are now using PayPal as a safer option to receive payments.

PayPal uses sophisticated security software to ensure that your online transactions are safe from the "negative elements" of the internet.

It is very easy to have a PayPal account. You just visit their website and click the "sign up" link. You will be directed to a registration form where you will put the necessary information. To easily reach the website, there is this logo below (with built in link) which you can click to direct you to the website. You can also type in your browser their website address which is www.paypal.com.

Enjoy your online transactions with PayPal.